ECB chief economist Lien said that the ECB is evaluating various data before the last interest rate meeting this year. Currently, mainstream market expectations are biased towards interest rate hikes. The ECB kept interest rates unchanged last month, but officials sent signals that there is a possibility of another rate hike in December. Inflation accelerated in October, reaching double the ECB's 2% target; the economy performed steadily in the third quarter, growing 0.4% month-on-month. Lien said in Frankfurt on Friday that the official consensus is “to continue gathering information from now until December before deciding on policy actions in December.” He said that energy shocks will be transmitted to other fields, and monetary policy needs to try its best to control this transmission process.

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